$420,000
SOLD MAY 6, 2013
2 Beds
2 Baths
1,140 Sq Ft
2,501 Sq Ft Lot

Recently Sold

$368 Per Sq Ft

12% Below List Price

80 Days on Market

Highlights

  • No HOA
  • Venice High School Rated A
  • Wall Furnace

About This Home

As of September 2024

Major Price Reduction. Excellent opportunity for the investor or owner occupier. This duplex is located close to the Marina, Venice and offers easy freeway access. Each unit has 1 bedroom and 1 bath and its own laundry facility.

Last Agent to Sell the Property

Kevin Gallagher

First Manhattan REALTORS License #01711703 Listed on: 01/02/2013

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,321

Year Built

  • Built in 1953

Lot Details

  • 2,501 Sq Ft Lot
  • Lot Dimensions are 25x100
  • 1 Common Wall

Parking

  • 1 Car Garage

Home Design

  • 1,140 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, HVAC maintenance, trash collection
  • Tax Lot 312
  • Tax Tract Number 7358
  • Assessor Parcel Number 4231016025

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Gross Income $2,350
  • Net Operating Income $28,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,321

Year Built

Built in 1953

Lot Details

0

Parking

1

Listing Details

  • Property Attached: Yes
  • Road Surface Type: Alley Paved
  • Zoning: LAR3
  • Property Type: Residential Income
  • Parcel Number: 4231016025
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 368.42

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Lot Size: 25X100
  • Lot Size Sq Ft: 2501.00
  • Lot Size Acres: 0.0570

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, HVAC Maintenance, Trash Collection

Multi Family

  • Gross Income: 2350.00
  • Gross Scheduled Income: 28200.00
  • Lot Size Area: 2501.0000 Square Feet
  • Net Operating Income: 28200.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Lot: 312
  • Tax Tract Number: 7358
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2024
Closed on
Sep 16, 2024
Sold by
Ehrlich Melissa and Abbene Joseph
Bought by
Yi Marshall C
Seller's Agent
Christina Kim
Keller Williams Larchmont
Buyer's Agent
Rafi Ekmekian
eXp Realty of California, Inc
List Price
$899,000
Sold Price
$975,000
Premium/Discount to List
$76,000
8.45%
Views
20
Current Estimated Value
$988,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,737
Avg. Annual Appreciation
-0.28%
Original Mortgage
$711,750
Outstanding Balance
$707,146
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$265,593

Purchase Details

Closed on
Mar 15, 2023
Sold by
Abbene Joseph and Abbene Melissa
Bought by
Abbene Joseph and Ehrlich Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,000
Interest Rate
6.5%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 28, 2017
Sold by
Abbene Joseph
Bought by
Abbene Joseph and Ehrlich Melissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,200
Interest Rate
3.9%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Jan 2, 2013
Closed on
Apr 10, 2013
Sold by
Putnam Daniel A
Bought by
Abbene Joseph P
Seller's Agent
Kevin Gallagher
First Manhattan REALTORS
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$479,000
Sold Price
$420,000
Premium/Discount to List
-$59,000
-12.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.11%
Original Mortgage
$412,392
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 7, 2003
Sold by
Gonzalez Joe M
Bought by
Putnam Daniel A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$314,954
Interest Rate
5.84%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 21, 1998
Sold by
Smith Robert E
Bought by
Gonzalez Joe M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,520
Interest Rate
7.1%
Mortgage Type
VA

Purchase Details

Closed on
Aug 23, 1997
Sold by
Smith Robert E
Bought by
Smith Robert Earl and Penning Smith Hermina
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $975,000 Provident Title Company
Grant Deed -- Chicago Title Company
Interfamily Deed Transfer -- First American Title Company
Grant Deed $420,000 North American Title Company
Individual Deed $335,000 Southland Title Corporation
Individual Deed $127,000 Southland Title Corporation
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $711,750 New Conventional
Previous Owner $247,000 Credit Line Revolving
Previous Owner $117,200 Credit Line Revolving
Previous Owner $400,000 New Conventional
Previous Owner $412,392 FHA
Previous Owner $117,000 Stand Alone Second
Previous Owner $314,954 FHA
Previous Owner $131,260 Unknown
Previous Owner $53,200 Credit Line Revolving
Previous Owner $128,520 VA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2024 09/24/24 Sold $975,000 +8.5% $855 / Sq Ft
08/19/2024 08/19/24 Pending -- -- --
08/13/2024 08/13/24 For Sale $899,000 +114.0% $789 / Sq Ft
05/06/2013 05/06/13 Sold $420,000 -12.3% $368 / Sq Ft
03/23/2013 03/23/13 Pending -- -- --
01/02/2013 01/02/13 For Sale $479,000 -- $420 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,321 $511,776 $386,250 $125,526
2023 $6,202 $501,742 $378,677 $123,065
2022 $5,917 $491,904 $371,252 $120,652
2021 $5,840 $482,260 $363,973 $118,287
2019 $5,666 $467,958 $353,178 $114,780
2018 $5,613 $458,783 $346,253 $112,530
2016 $5,365 $441,058 $332,874 $108,184
2015 $5,287 $434,433 $327,874 $106,559
2014 $5,316 $425,924 $321,452 $104,472
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB13000637

California Regional Multiple Listing Service (CRMLS)

APN: 4231-016-025